Tue, 21-Oct-2025

Pakistan’s banking system more complex than other countries: Aurangzeb

Aurangzeb

ISLAMABAD: Federal Minister for Finance Senator Muhammad Aurangzeb has said that Pakistan’s banking system is more complex compared to other countries. Addressing a ceremony in Islamabad, the finance minister stated that facilitating traders and investors is the government’s top priority. He added that the process of economic reforms is underway and the economy is moving … Read more

A contract based on virtual currency is ruled invalid by a Chinese court

irtual currency

 As per the court, virtual currency does not have the same legal validity as national fiat currency. A virtual currency cannot be used as a currency in the market. hence a vehicle sale contract in which the parties agreed that the buyer would pay with privately produced digital money is void Not legally protected A … Read more

Bitcoin drops below $20,000 for the first time since 2020

Bitcoin

Digital assets are still under threat as a result of the current Defi crisis Bitcoin has plummeted for the past 12 days as investor fear grows. Bitcoin fell below $20,000 for the first price since December 2020, as evidence of growing stress in the cryptocurrency industry mounts against a backdrop of monetary tightening. Bitcoin dropped … Read more

Morgan Stanley, biggest bank in the US introduces a crypto research team

Morgan Stanley

The biggest bank in the US, Morgan Stanley, has set up a new cryptocurrency-focused research sector. Sheena Shah as a crypto analyst has been selected by the Wall Street megabank for its devoted research team. Shah worked as Morgan Stanley’s lead currency strategist covering G10 currencies for more than eight years and donated to the … Read more

Titan introduces portfolio of crytocurrency for U.S. clients

Titan

Titan, a U.S. investment adviser introduce a modern crypto offering for U.S. investors, providing market members to access digital currencies such as ETH and BTC.

The modern Titan crypto portfolio pursues the investors to invest in cryptocurrencies that have the potential to outperform in the long run. The portfolio is overlooked by titan’s crypto team and is also available for U.S. citizens who live outside the state of New York.

Earlier, Titan has raised $75 million in total capital, including a $58 million Series B round headed by Andreessen Horowitz. Despite the fact that the funds obtained were not primarily towards Titan’s crypto firms, Cointelegraph told by a representative at the company that these funds will assist titan’s cryptocurrency offering  “well beyond the flagship coins and behaviors,” mentioning to BTC and ETH. For upcoming growth DeFi coins is one avenue, the representative recognized.

For the most successful cryptocurrency campaigns, Andreessen Horowitz has been a part of. A company that is based in California newly launched a fund that worth $2.2 billion devoted to cryptocurrency plays and blockchain, Cointelegraph reported.

Among the largest funding phases have targeted crypto exchanges and other service providers that are giving old onramps on the investments of digital currency. There is mounting evidence on the institutional front that many of the investors have been rising their experience on digital assets.

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Bank of America jumped into the Bitcoin trend

Bank of America

Bitcoin futures trading is now available for a limited set of Bank of America clients, according to sources.

According to the reports, the financial institution is yet to make this service available to all of its customers.

Jerome Powell, the chairman of the Federal Reserve, spoke out about the importance of cryptocurrency and stablecoins in the US economy.

Investment banks intend to allow customers to invest in bitcoin products. After a three-year break, Goldman Sachs has confirmed the return of its crypto trading department.

The investment banking powerhouse had already offered cryptocurrency trading in partnership with the CME Group, and Bank of America is set to do so again for its clients.

Bitcoin trading began in 2017 at the CME Group. Since then, the platform has seen an improvement in investment and involvement.

Other banks and investment banks that sell crypto products to clients across the US are likely to follow Bank of America’s lead.

It’s interesting to note that in 2018, the American multinational investment bank banned its clients from trading in crypto-related goods, however, it has changed its stance since then.

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Visa has claimed that Crypto-linked cards topped $1 billion in first half of 2021

crypto

Customers have spent more than $1 billion on Visa Inc‘s crypto-linked cards in the first half of this year, claimed the payments processor, which is taking steps to make crypto transactions more efficient.

Customers will be able to exchange and spend digital currencies at 70 million merchants around the world, due to the company’s partnership with 50 cryptocurrency platforms.

Visa’s decision is in keeping with the company’s growing acceptance of digital currencies.

The corporation started in March, it will accept the USD Coin as payment for transactions on its payment network.

Recent governmental crackdowns in China and elsewhere have soured investor confidence in cryptocurrencies.

Following the exhilaration that pushed it to record highs early this year, Bitcoin, the world’s largest cryptocurrency, has suffered a harsh decline.

However, a number of well-known names are continuing to increase their connection with digital assets. SoftBank Group Corp, a Japanese investment powerhouse, invested $200 million in Mercado Bitcoin, one of Latin America’s major bitcoin exchanges, last week.

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London asset manager intends to invest $55 billion in cryptocurrency

London

Despite the market’s recent collapse, a London-based asset manager is said to be considering investing in digital assets.

Marshall Wace, a London-based asset management firm with over $55 billion in assets under management (AUM), is considering to move into the cryptocurrency market, according to the report published today by the Financial Times.

Whereas the individuals connected with the situation report, the company intends to engage in many areas of the business, including blockchain technology and payment systems for digital currencies and stable coins.

Furthermore, according to FT’s sources, Marshall Wace is looking to hire staff in the digital assets industry, although the fact that the new investment arm is still in its early stages.

However, the asset manager plans to extend it and further considers adding other types of activity, such as bitcoin trading.

Apparently, the firm is considering to invest in the late-stage venture capital rounds in companies involved in the infrastructure of the still-developing industry.

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